Companies have varied discounting policies based on geography, region, product family, product or some other parameter. The revenue guidance dictates that companies have to establish an estimated price which takes into account the discount across deals.

Sell Price or Discount

SSP engine can look back on historical transactions and arrive at the best estimated price. The historical range can be set up by the user.

Modelling

The business team can set up multiple stratification rules based on their discounting policy and analyze historical data.

Exception Management

Lack of VSOE/BESP/SSP impacts the calculation of allocation revenue on the complete revenue contract. Exception reports guide the revenue team on the revenue contracts that need attention.

Revenue triggers can be configured to release revenue upon satisfying the performance obligations.

Automate timing of Recognition

Every element can be configured to release based on multiple events. Example – 30% on billing, 30% on deployment, and 40% on acceptance.

One-Time Configuration

Revenue release rules can be configured on each Performance obligation to automate the complete process. These performance obligations can then be assigned to products.

Manual override options

Revenue team can manually defer revenue due to real-life situations or unforeseen events like delay of product delivery or delay in user acceptance. Deferred revenue can also be accelerated as soon as certain performance obligations are met. All manual operations are tracked for audit purposes.

The urgency to adopt ASC 606 has begun. Companies are deciding their ASC 606 adoption policies. Irrespective of the full retrospective or modified retrospective approach, a dual allocation accounting system is essential for the success of a revenue automation project.

ASC 606

New guidance policies can be defined and the impact can be easily compared against the ASC 605 rules. The side-by-side comparison makes the transition process seamless.

ASC 605 and SOP 97-2

Private companies have time till Jan 2019 to adopt the new Guidance. RevSym automates all the rev rec requirements around SOP 97-2.

Transition Options

RevSym can easily transition you from ASC 605 to ASC 606 based on your adoption policy. Out-of-box reports provide clarity on the impact of the change.

Unified view

Forecasting based on Sales orders and Opportunities is an essential component which improves the planning process for the FP&A needs.

One time Configuration

Forecasting rules can be set up to forecast revenue on sales orders and opportunities. The forecasting is also adjusted in real-time based on fulfillment of sales orders ad opportunities converting to sales orders.

Manual override

Forecasting schedules are adjusted in real-time based on revenue events and also based on manual operations.